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week 4 applied learning

# week 4 applied learning - Name Sara Podliska Applied...

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Name Sara Podliska . Applied Learning Week 4 Answer the problems below and show or explain how you arrived at your final answer. 1. You are the financial manager of an oil refinery. Oil from different regions has different levels of quality. The higher the quality, the less total capability your refinery needs to use in the refining process. The lower the quality, the more total capability your refinery needs to use in the refining process. Your refinery processes 10,000 barrels at a time. The following formula is used to determine the cost in tens of thousands of dollars for refining 10,000 barrels at today’s market prices: x C 5 . 1 150 2000 - = . The variable “x” is for the percentage of capability used in the process. Enter the percentage as a whole number without the percentage sign when performing your calculation. a. What will be the cost to refine 10,000 barrels of oil from Alaska’s Prudhoe Bay, which requires 80% of the refinery’s capability? (20% of grade) 2000 / (150 - 1.5x) = 2000 / 150 - 1.5(80) = 2000 / 30 66.67 b. What will be the cost to refine 10,000 barrels of oil from West Texas Intermediate, which

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week 4 applied learning - Name Sara Podliska Applied...

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